K2 Principal Fund L.P. Sells 9,000 Shares of First Solar, Inc. $FSLR

K2 Principal Fund L.P. trimmed its holdings in shares of First Solar, Inc. (NASDAQ:FSLR) by 32.4% in the 4th quarter, Holdings Channel reports. The firm owned 18,750 shares of the solar cell manufacturer’s stock after selling 9,000 shares during the quarter. K2 Principal Fund L.P.’s holdings in First Solar were worth $4,898,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in FSLR. Aventura Private Wealth LLC bought a new stake in shares of First Solar during the fourth quarter worth $25,000. Commonwealth Retirement Investments LLC purchased a new position in shares of First Solar during the fourth quarter valued at $26,000. Strategic Wealth Investment Group LLC purchased a new position in shares of First Solar during the second quarter valued at $26,000. Larson Financial Group LLC increased its stake in shares of First Solar by 117.0% during the fourth quarter. Larson Financial Group LLC now owns 102 shares of the solar cell manufacturer’s stock valued at $27,000 after buying an additional 55 shares during the period. Finally, Elyxium Wealth LLC purchased a new position in shares of First Solar during the fourth quarter valued at $30,000. 92.08% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other First Solar news, General Counsel Jason E. Dymbort sold 9,022 shares of First Solar stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $199.62, for a total value of $1,800,971.64. Following the transaction, the general counsel owned 9,850 shares in the company, valued at $1,966,257. The trade was a 47.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Kuntal Kumar Verma sold 582 shares of First Solar stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $250.00, for a total value of $145,500.00. Following the completion of the transaction, the insider owned 4,967 shares in the company, valued at $1,241,750. This trade represents a 10.49% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 60,694 shares of company stock valued at $13,659,583 over the last three months. Corporate insiders own 0.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on FSLR shares. Freedom Capital upgraded First Solar from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 5th. Wolfe Research lowered First Solar from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 26th. Zacks Research upgraded First Solar from a “strong sell” rating to a “hold” rating in a research note on Monday, April 27th. Citigroup cut their price target on First Solar from $300.00 to $243.00 and set a “buy” rating on the stock in a research note on Tuesday, April 21st. Finally, Mizuho raised their price target on First Solar from $243.00 to $300.00 in a research note on Friday. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, First Solar presently has an average rating of “Moderate Buy” and an average price target of $250.99.

First Solar Price Performance

FSLR opened at $267.31 on Friday. The business’s 50-day moving average is $231.95 and its two-hundred day moving average is $233.65. First Solar, Inc. has a 1 year low of $135.50 and a 1 year high of $320.95. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.56 and a quick ratio of 2.15. The firm has a market capitalization of $28.72 billion, a PE ratio of 17.27, a price-to-earnings-growth ratio of 0.59 and a beta of 1.71.

First Solar (NASDAQ:FSLR) last posted its earnings results on Thursday, April 30th. The solar cell manufacturer reported $3.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.87 by $0.35. First Solar had a return on equity of 18.01% and a net margin of 30.73%.The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the previous year, the firm earned $1.95 earnings per share. The firm’s quarterly revenue was up 23.6% compared to the same quarter last year. Research analysts anticipate that First Solar, Inc. will post 17.61 earnings per share for the current fiscal year.

Key Stories Impacting First Solar

Here are the key news stories impacting First Solar this week:

• Positive Sentiment: Mizuho raised its price target on First Solar to $300 from $243, implying meaningful upside from recent trading levels and reinforcing confidence in the company’s outlook. Mizuho price target update
• Positive Sentiment: UBS Group also lifted its price target to $330 from $290 and maintained a buy rating, signaling continued optimism around First Solar’s growth prospects. UBS analyst update
• Positive Sentiment: Analyst commentary this week highlighted that First Solar has outperformed the S&P 500 over the past year, with sentiment remaining moderately bullish on the stock’s longer-term growth potential.
• Neutral Sentiment: One recent market article compared First Solar’s performance with the broader S&P 500, underscoring that the stock is still being closely watched by investors for relative performance trends. First Solar vs. S&P 500 article
• Neutral Sentiment: A separate note said First Solar declined while the broader market improved, suggesting the move may reflect normal trading volatility rather than a company-specific negative catalyst. Zacks market comparison article

First Solar Profile

First Solar, Inc (NASDAQ: FSLR) is a United States–based solar technology company best known for designing and manufacturing thin‑film photovoltaic (PV) modules that use cadmium telluride (CdTe) semiconductor technology. The company supplies PV modules and delivers integrated solar power solutions for utility‑scale projects, positioning itself as a provider of both components and complete solar energy systems rather than solely a parts supplier. First Solar was founded in 1999 and is headquartered in Tempe, Arizona.

Beyond module manufacturing, First Solar offers a range of project services including development support, engineering, procurement and construction (EPC) services, and operations and maintenance (O&M) for large-scale solar installations.